China Merchants Expressway makes progress on share repurchase program

As of September 30, 2025, China Merchants Expressway Network & Technology Holdings has repurchased 25,238,502 shares through centralized bidding, representing 0.37005% of its total share capital. The aggregate value of these repurchases stands at RMB 309,969,548 (excluding transaction fees), with prices ranging from a low of RMB 10.12 per share to a high of RMB 13.40 per share.

The company's board of directors approved the repurchase scheme on October 16, 2204, followed by shareholder approval on November 1, 2024. The plan targets a total repurchase value between RMB 310m and RMB 618m, with a maximum share price of RMB 18.10. All repurchased shares are intended for cancellation to decrease the company’s registered capital.

China Merchants Expressway affirms that its repurchase activities comply with relevant regulations, including those from the Shenzhen Stock Exchange and the China Securities Regulatory Commission. The company will continue to execute the plan strategically within the repurchase period, providing timely updates to investors.